FOX (FOXA) Projected to Post Quarterly Earnings on Monday

FOX (NASDAQ:FOXA) will likely be releasing its earnings data before the market opens on Monday, May 12th. Analysts expect FOX to post earnings of $0.90 per share and revenue of $4.14 billion for the quarter.

FOX (NASDAQ:FOXA) last released its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue was up 19.9% compared to the same quarter last year. On average, analysts expect FOX to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

FOX Stock Performance

FOXA opened at $50.23 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. FOX has a 12-month low of $32.45 and a 12-month high of $58.74. The firm has a 50 day moving average of $51.35 and a two-hundred day moving average of $49.89. The firm has a market capitalization of $22.78 billion, a PE ratio of 10.76, a P/E/G ratio of 1.27 and a beta of 0.51.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FOXA shares. Guggenheim reaffirmed a “buy” rating and issued a $60.00 price target on shares of FOX in a report on Tuesday, March 25th. Cfra Research upgraded FOX from a “hold” rating to a “moderate buy” rating in a research report on Monday, April 7th. Barclays dropped their price objective on shares of FOX from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. UBS Group decreased their target price on shares of FOX from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company decreased their price objective on shares of FOX from $63.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, FOX presently has an average rating of “Hold” and an average price target of $51.65.

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 21.77% of the company’s stock.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.